Pursuant to Regulation 34 of the SEBI (Listing obligations and Disclosure Requirements) Regulations, 2015 please find Annual Report for the F.Y.2024-2025 approved and adopted in the Annual ....
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Sharp Investments Ltd, a Kolkata-based NBFC, filed its 48th Annual Report for FY 2024-2025 ahead of its AGM scheduled for September 27, 2025. Revenue from operations fell sharply to Rs. 17.69 lakhs from Rs. 25.66 lakhs in the previous year, a decline of about 31%. Profit after tax slipped to a near-negligible Rs. 0.02 lakhs versus Rs. 0.12 lakhs a year ago, with accumulated losses of Rs. 162.46 lakhs carried on the balance sheet. No dividend has been recommended owing to these accumulated losses. The statutory auditor was changed during the year — M/s Beriwal & Associates was appointed due to a casual vacancy caused by the death of the previous auditor.
Weak operating performance with declining revenue and wafer-thin profitability signals continued stress on the business; shareholders should note the past auditor's demise led to an auditor change, and accounts have been prepared on a going-concern basis despite accumulated losses.